Showing 1 - 10 of 175
The inefficiency of Soviet-type economies results from their monopolized production structure, which makes soft budget constraints almost inevitable, as enterprises have bargaining power and must face expropriative tax rates for macroeconomic stability. Systemic reform aims to improve...
Persistent link: https://www.econbiz.de/10005667112
A key feature of Soviet-type economies is the excessive concentration of production and the skewed size distribution of enterprises. This is the root cause of the `soft budget constraint' and a natural outcome of the political economy of these countries. Given entrenched political support for a...
Persistent link: https://www.econbiz.de/10005661561
East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became part of the Federal Republic of Germany. German Union meant the transplantation of West Germany's legal, administrative and economic infrastructure to the five new Länder. The...
Persistent link: https://www.econbiz.de/10005124285
The adjustment of labour markets during transition has been quite different from that anticipated by the Optimal Speed of Transition (OST) literature. In particular, it has involved stagnant unemployment pools, large flows to inactivity and strikingly low workers' mobility especially when...
Persistent link: https://www.econbiz.de/10005498036
An ‘efficiency wage’ model developed for Western economies is reinterpreted for Soviet Russia assuming that it was the …
Persistent link: https://www.econbiz.de/10005504586
Both Western and Soviet estimates of GNP growth in the USSR indicate that GNP per capita grew in every decade - sometimes rapidly - from 1928 to 1985. While this measure suggests that the standard of living improved in the USSR throughout this period, it is unclear whether this economic growth...
Persistent link: https://www.econbiz.de/10005666434
This Paper uses 1985-99 manufacturing census data for old Russian enterprises to calculate the magnitude and productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector, but increased slightly during the transition, while job...
Persistent link: https://www.econbiz.de/10005666804
Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation that bear … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from …
Persistent link: https://www.econbiz.de/10005123720
We use a rich personnel data set from a Russian firm for the years 1997 to 2002 to analyze how the financial crisis in 1998 and the resulting change in external labour market conditions affect the wages and the welfare of workers inside a firm. We provide evidence that large shocks to external...
Persistent link: https://www.econbiz.de/10005504350
Gross job and worker flows in Russian industry are studied using panel data from a recent survey of 530 firms selected through national probability sampling. The data permit an examination of several important measurement issues – including the timing and definition of employment, the roles of...
Persistent link: https://www.econbiz.de/10005504437